Dear all
Please share your opinion of our concerning to pre-shipment loan when we act as advising bank and negotiating bank then we got lc from issuing bank but beneficiary have no enough to buy raw material to produce the goods upon lc required, so we offer pre-shipment loan to beneficiary.
During that time, the partial shipment is not allowed and beneficiary produce their goods is too late. then lc expired and applicant doesn 't amend the lc. How negotiaing bank solve this problem with the beneficiary?
Please share your opion? the more contribute to share this case is highly appreciated.
Kind Regards,
New topic opened for this under the "Letter of Credit"-Forum
Dear Richard,
this is not the appropriate place for your query. You might receive no replies in here!
-Each long journey starts with a small step-
Best regards
Frammi